Actua (ACTA) Holder Gagnon Securities Cut Position as Stock Were Volatile; Reinhart Partners Boosted Its Brinker Intl (EAT) Holding by $7.51 Million

January 14, 2018 - By Louis Casey

Gagnon Securities Llc decreased its stake in Actua Corp (ACTA) by 42.92% based on its latest 2017Q3 regulatory filing with the SEC. Gagnon Securities Llc sold 23,332 shares as the company’s stock 0.00% . The institutional investor held 31,033 shares of the edp services company at the end of 2017Q3, valued at $475,000, down from 54,365 at the end of the previous reported quarter. Gagnon Securities Llc who had been investing in Actua Corp for a number of months, seems to be less bullish one the $476.25M market cap company. It closed at $15.85 lastly. It is down 59.43% since January 14, 2017 and is uptrending. It has outperformed by 42.73% the S&P500.

Reinhart Partners Inc increased its stake in Brinker Intl Inc (EAT) by 35.38% based on its latest 2017Q3 regulatory filing with the SEC. Reinhart Partners Inc bought 242,170 shares as the company’s stock declined 8.41% while stock markets rallied. The institutional investor held 926,696 shares of the consumer services company at the end of 2017Q3, valued at $29.53 million, up from 684,526 at the end of the previous reported quarter. Reinhart Partners Inc who had been investing in Brinker Intl Inc for a number of months, seems to be bullish on the $1.76B market cap company. The stock increased 1.06% or $0.4 during the last trading session, reaching $37.98. About 1.27 million shares traded. Brinker International, Inc. (NYSE:EAT) has declined 7.85% since January 14, 2017 and is downtrending. It has underperformed by 24.55% the S&P500.

Analysts await Actua Corporation (NASDAQ:ACTA) to report earnings on March, 8. They expect $-0.28 EPS, down 115.38% or $0.15 from last year’s $-0.13 per share. After $-0.19 actual EPS reported by Actua Corporation for the previous quarter, Wall Street now forecasts 47.37% negative EPS growth.

Gagnon Securities Llc, which manages about $353.18M and $279.13M US Long portfolio, upped its stake in Navigator Holdings Ltd (NYSE:NVGS) by 195,181 shares to 774,072 shares, valued at $8.59 million in 2017Q3, according to the filing. It also increased its holding in Ces Energy Solutions Corp by 305,412 shares in the quarter, for a total of 895,625 shares, and has risen its stake in General Electric Co (NYSE:GE).

Among 24 analysts covering Brinker (NYSE:EAT), 6 have Buy rating, 2 Sell and 16 Hold. Therefore 25% are positive. Brinker had 63 analyst reports since August 7, 2015 according to SRatingsIntel. IBC maintained the shares of EAT in report on Monday, April 24 with “Outperform” rating. Barclays Capital maintained it with “Equal Weight” rating and $47 target in Friday, April 7 report. The stock of Brinker International, Inc. (NYSE:EAT) earned “Buy” rating by Maxim Group on Thursday, January 7. Maxim Group initiated the shares of EAT in report on Wednesday, September 30 with “Buy” rating. The company was maintained on Wednesday, January 3 by Stifel Nicolaus. The firm has “Buy” rating by Maxim Group given on Thursday, January 26. The firm earned “Hold” rating on Thursday, December 21 by RBC Capital Markets. The rating was downgraded by Longbow to “Neutral” on Tuesday, October 20. The stock of Brinker International, Inc. (NYSE:EAT) earned “Overweight” rating by JP Morgan on Monday, March 14. The firm has “Outperform” rating by Oppenheimer given on Friday, April 21.

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.26, from 0.86 in 2017Q2. It improved, as 35 investors sold EAT shares while 71 reduced holdings. 35 funds opened positions while 84 raised stakes. 52.96 million shares or 0.25% less from 53.09 million shares in 2017Q2 were reported. Clark Estates New York owns 0.55% invested in Brinker International, Inc. (NYSE:EAT) for 103,300 shares. Assetmark has invested 0% in Brinker International, Inc. (NYSE:EAT). Employees Retirement Association Of Colorado reported 197,153 shares stake. State Common Retirement Fund owns 65,979 shares. Hutchin Hill Cap Lp holds 0.08% or 67,000 shares in its portfolio. Commercial Bank Of Montreal Can accumulated 284,834 shares or 0.01% of the stock. Renaissance Limited Liability Company, a New York-based fund reported 198,600 shares. Grp accumulated 145,176 shares. 64,260 were reported by Credit Suisse Ag. Stoneridge Inv Prns Ltd Liability Corporation invested in 0.06% or 11,779 shares. Tower Rech Limited Company (Trc) stated it has 6,500 shares. Ahl Ltd Liability Partnership, United Kingdom-based fund reported 105,472 shares. First Trust LP holds 25,299 shares. Hancock Hldg Communication, a Mississippi-based fund reported 33,428 shares. The California-based First Quadrant Lp Ca has invested 0% in Brinker International, Inc. (NYSE:EAT).

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